Renesola Signs Cooperation Agreement for Solar PV Manufacturing Plant
- Renesola Energy Nantong (a joint endeavor in between Zhongnan Industry as well as ReneSola Yixing), signed a collaboration agreement with Hai'An Economic as well as Technological Development Zone to set up the brand-new production. The complete investment of the project will be 2 billion yuan, generally for Solar PV Products as well as Sales.
Renesola Energy Nantong which is a joint venture between Zhongnan Industry (a large empire in China) and also ReneSola Yixing (a world-reputed Solar PV maker), will certainly be mostly participated in the manufacturing and sales of solar PV modules. The solid financial backing of Zhongnan Industry and also the huge production experience of ReneSola will certainly increase the advantages for the JV.
In April 2020, ReneSola signed a USD 100 million critical investment arrangement with the Zhongnan Industry to enhance the solar module production supply chain, and later on in September, both the organisations revealed their JV to establish the added 3 GW of manufacturing center.
Yan Changjiang (Member of the Hai'An Standing Committee) praised the effective finalizing of the project. He said that Hai'An will fully advertise the ideal plan to push the project to be put into procedure as soon as possible. Hai'A will certainly support enterprises to end up being larger and stronger as well as recognize win-win outcomes.
Sky Wang (CEO of ReneSola Yixing Co., Ltd) stated that this new venture will certainly include even more value to their supply chain and also will make the ReneSola modules more available as well as inexpensive for the consumers worldwide and also will certainly even more support its development strategies in the new global markets. The new production system will start manufacturing by the end of 2020.
Zheng Lei (CEO of Zhongnan Industry, a subsidiary of Zhongnan Holding Group), stated that the new venture is anticipated to have a Solar PV Manufacturing facility with an annual production ability of 3 GW. The firm will certainly continue to quicken technological development, comply with stringent top quality management, as well as strive to hand in an acceptable solution sheet to clients worldwide.
